The management of Guenguiss Cans Co runs a 'tight ship', with clocking-on timekeeping systems, close supervision and rules for everything. 'Well,' says the general manager, 'if you allow people to have any freedom at work, they will take advantage
and their work rate will deteriorate'.Which of Douglas McGregor's 'theories' does this management team subscribe to?
Rationale: Theory X is the managerial assumption that most people dislike work andresponsibility and will avoid them if
possible they have to be coerced and controlled to work adequately - hence the kinds of management measures described.
Theory Y is the managerial assumption that people can be motivated to accept challenge and responsibility and contribute
willingly to the firm - resulting in a quite different management style!Pitfalls: You really do need to know which way round X
and Y are! (If it helps, think of X as a 'cross' against workers' names
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Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4 Exchange rates
Which of the above are correct?
Which of the following organisations might benefit from a period of high price inflation?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Which of the following is an example of cyclical unemployment?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?
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